Kanabo Group (KNB) Share Chat

Roughly same as my margins but India big market and if it’s helps the covid 19 cases world wide that’s massive and who knows!

For every 1% it goes up I get about £7.47 :roll_eyes::rofl:

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RNS released today
Just hold onto for ride

Materia Receives Commercial Production Licence for Malta Facility

Kanabo Group Plc (LSE:KNB), a medical cannabis R&D Company that focuses on the distribution of cannabis-derived products for medical patients, and non-THC products for CBD consumers, notes the recent announcement published by Materia. Kanabo are delighted that Materia’s wholly-owned subsidiary, Materia Malta Operating Ltd. (“Materia Malta”), has received its Licence for the Production of Cannabis for Medicinal and Research Purposes (the “Licence”) from the Malta Medicines Authority.

The receipt of the Licence is the final requirement for Materia Malta to begin commercial production and export of medical cannabis for commercial purposes. Materia Malta, which is already EU GMP certified, has an annual throughput capacity of 6,000kg, representing a potential sale value of €36M based on a blended average sales price across several key European markets.

Materia Malta has now begun the process of importing its first batch of raw material for commercial production and will begin fulfillment of its supply commitments across Europe imminently, starting with the initial target markets of Germany, Malta and the UK. The first product has already been successfully registered on the narcotics licence of Materia Deutschland GmbH ahead of its import into and across Germany.

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How’s that working out? Patience is key here as good news will keep coming.

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Losing faith in this one now :joy:

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Why?

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This is a meme it’s tanking